U.S. Banks Are Building Their Own Blockchain and They Want It Live by 2027

Thirty-nine U.S. state banking associations formed the BankChain Alliance to build a bank-owned blockchain network. The network targets a 2027 launch and will support stablecoins, tokenized deposits, and smart payments. Kathy Kraninger, former CFPB director and Florida Bankers Association CEO, serves as interim chair. The alliance is still searching for a permanent leader.